Wendt India Q2 net rises 32% to ₹9.28 cr. on higher sales

Revenue from operations grew by 15% to ₹47.70 crore on account of higher sales

October 19, 2022 06:58 pm | Updated 06:58 pm IST - CHENNAI

Wendt India Ltd., a Murugappa group firm, has posted a 32% increase in standalone net profit for the second quarter ended September at ₹9.28 crore from the year-earlier period on higher sales and continued focus on operational efficiency and cost control.

Revenue from operations grew by 15% to ₹47.70 crore on account of higher sales to user industries such as auto, ceramics, bearings, glass, steel and, cutting tools among others, it said in a regulatory filing.

Exports contracted by 11% to ₹11.37 crore on account of slowdown in the global economy and lower offtake from countries such as Indonesia, China, South Korea and the United Kingdom.

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